Biossman Group’s First Syndicated Loan

Cuatrecasas advised BBVA, as agent bank, and the other credit institutions (NAFIN and Scotiabank) on the first syndicated loan granted to the Biossmann Group.

The syndicated loan is structured in two tranches: (i) a simple loan for refinancing the group’s financial liabilities, and (ii) a revolving loan for covering working capital needs. The transaction amount is confidential.

The bank syndicate is made up of BBVA (coordinator bank, structurer, administrative and collateral agent), NAFIN (co-structurer) and Scotiabank.

The Cuatrecasas team advising the credit institutions inlcuded León López Iglesias (Picture), José Higinio Núñez, Juan Carlos Galicia, Alberto de Villa and Ana Isabel Echeverría.

Involved fees earner: Alberto de Villa – Cuatrecasas; Ana Isabel Echeverría Ortés – Cuatrecasas; Juan Carlos Galicia – Cuatrecasas; José Higinio Núñez – Cuatrecasas; León López – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva); Nacional Financiera, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo; Scotiabank;

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